Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business

Trucking Adds 2,400 Jobs in January; Unemployment Rises to 5.7%

The trucking industry added 2,400 jobs in January as the unemployment rate increased slightly to 5.7%, the Labor Department reported Feb. 6.

February 6, 2015

TT Podcasts: RoadSigns

Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.

Business, Logistics

Union Pacific Promotes Lance Fritz to CEO

Union Pacific announced that it has promoted Lance Fritz to CEO from chief operating officer, succeeding John Koraleski, who was named executive chairman.

February 6, 2015
Business

Feb. 5 Earnings Roundup: Cummins, Echo Global Logistics, Old Dominion, YRC

Two large less-than-truckload fleets reported higher fourth-quarter earnings, and net income rose slightly at engine maker Cummins Inc.

February 5, 2015
Business

Teamsters Cancels Florida Con-way Vote

Con-way Inc. said the Teamsters canceled an Orlando, Florida, representation election at its freight unit just before balloting could begin.

February 5, 2015
Business

West Coast Port Lockout Threatened, Though Union Says Deal Is Close

The top negotiator for West Coast terminal operators and ocean carriers said the region’s docks are nearing “complete gridlock” and raised the prospect of a lockout in as few as five days unless a contract deal is reached.

Rip Watson | Special to Transport Topics
February 5, 2015
Business, Technology

Chased by Google, Daimler Looks to Drones, Autonomous Vehicles

On the outskirts of Stuttgart, the German city where Gottlieb Daimler invented the automobile 129 years ago, a team of engineers is envisioning a future when people won’t own or even drive their cars.

Dorothee Tschampa | Bloomberg News
February 5, 2015
Government, Business

Treasury Chief to Senate Panel: Use Private Capital in Infrastructure

Treasury Secretary Jacob Lew on Feb. 5 said he hoped Congress and the Obama administration would agree on proposals to expand private investments to pay for major infrastructure projects around the country.

Eugene Mulero | Senior Reporter
February 5, 2015
Government, Business

CVSA Reports Results of Operation Safe Driver

The top five warnings and citations issued to commercial motor vehicle drivers during a law-enforcement campaign in October, respectively, were for speeding, failure to use a safety belt, failure to obey traffic control devices, improper lane changes and following too closely, the Commercial Vehicle Safety Alliance said Feb. 5.

Eric Miller | Senior Reporter
February 5, 2015
Government, Business, Safety

House Bill Would Revive State Infrastructure Banks

A bipartisan bill introduced in the U.S. House would allow states to capitalize infrastructure banks with federal money to help underwrite local transportation projects.

Michele Fuetsch | Staff Reporter
February 5, 2015
Business

Daimler, Volvo Boost 2015 North American Truck Outlook

Truck manufacturers Daimler AG and Volvo Group both reported higher truck orders and sales for the fourth quarter, and both predicted a stronger North American market for 2015.

Michael G. Malloy | Web Editor
February 5, 2015